2007 Articles

Democratizing the World Bank

Stiglitz, Joseph E.

An interview with Joseph E. Stiglitz, senior vice president and chief economist at the World Bank from 1997 to 2000, is presented. When asked about his opinion on Paul Wolfowitz's appointment as president of the World Bank, he says that his major concern is always the process for appointing. He mentions that the appointment of Wolfowitz does not only symbolizes U.S. hegemony, it also symbolizes democratic deficit. He notes that being an advocate of democracy requires the practice of democracy.